NinjaOne raised $500 million in Series C extensions, increasing its valuation to $5 billion. This funding more than doubled the company's worth in one year. Investments came from Iconiq Growth and Google's CapitalG, among others. A year earlier, NinjaOne secured $231.5 million in Series C funding, which raised its valuation to $1.9 billion. The demand for endpoint security has grown due to remote work and diverse device usage. NinjaOne's founder, Sal Sferlazza, emphasized the company's focus on simplifying endpoint and patch management while expanding into AI and IT security applications. The cybersecurity sector remains strong, with NinjaOne's funding being the largest since I-Tracing's $516 million raise.

Learn more on this news visit us at: https://theweb3.news/news-bites/ninjaone-hits-groundbreaking-milestone-with-massive-funding-round/

Hosted on Acast. See acast.com/privacy for more information.